Large $PI Transfer Sparks Speculation of Pi Network Buyback Move

A mysterious wallet labeled “ODM” is stirring the pot in Pi Network circles. On July 15, the wallet received a whopping 1.56 million $PI tokens from crypto exchange OKX. That single transfer, worth over $700,000 at current prices, has raised eyebrows across the community.

Analysts suspect that this wallet may be tied to the Pi Core Team (PCT) itself. Many believe it could be a stealthy internal buyback move or a supply consolidation effort as the network matures. Pi News Media called the activity “unprecedented” and suggested that ODM is a likely buyback wallet.

This isn’t the first time the PCT has been accused of quietly managing supply. But the sheer size of this recent move, and its timing, have reignited debates about Pi’s market strategy and upcoming plans.

PI Price Dips Despite Whale Activity

As of July 15, $PI is trading at $0.4488, down 4.6% in the last 24 hours. While the price remains under pressure, on-chain volume has stayed strong, sitting at $79.23 million for the day.

Chart: Pi Network Dip on July 15, 2025, highlighted by Coinmarketcap

Pi Network currently holds a $3.45 billion market cap, compared to a fully diluted valuation (FDV) of $44.88 billion, a steep gap. This suggests investors are still cautious. Circulating supply sits at 7.69 billion PI, with a maximum supply cap of 100 billion PI.

Over the past seven days, $PI has dropped 1.74%, reflecting broader sell-offs across mid-cap tokens. However, the whale accumulation by ODM suggests internal confidence, possibly even preparation for future listing upgrades or burn mechanisms.

Community Buzz & Grassroots Growth Still Going Strong

Despite the dip in price, the Pi community is anything but quiet. Long-time supporters are actively promoting the project across social media. In one tweet, @TrdByDan writes: “Pi is a new digital currency developed by Stanford PhDs, with over 55 million members worldwide.”

The Pi mining app reinforces a message that has driven the network since day one: community over speculation. With over 55 million users globally, Pi Network isn’t just about price charts. It’s about building a Web3 ecosystem from the ground up.

From mobile mining to ecosystem apps in the Pi browser, the project continues to push development even as skeptics point to its centralized beginnings. Also, lack of open trading across exchanges.

What This Whale’s Move Could Signal

The ODM transfer comes at a pivotal time for Pi Network, as pressure mounts for the project to demonstrate long-term value. Many believe this large accumulation may signal a strategic buyback or internal consolidation by the Pi Core Team. If true, it could point to efforts aimed at stabilizing supply before major announcements, such as exchange listings or ecosystem rollouts.

It might also represent an early move to bolster Pi’s treasury for future development and community initiatives. Regardless of who controls the wallet, the message is clear, Pi Network isn’t sitting still. While the price fluctuates, the project continues evolving quietly behind the scenes. That leaves the community eager to see what comes next.